BANGKOK Dec 13 Thailand's cabinet approved on
Tuesday an infrastructure
action plan worth 895.8 billion baht ($25.2 billion) for 2017,
as the military government ramps up investment projects to boost
a sluggish economy.
The army seized power in May 2014 to end months of political
unrest but has struggled to revive Southeast Asia's
second-largest economy, as exports and domestic demand remain
The plan includes 36 infrastructure projects, covering rail,
roads, air transport and ports throughout Thailand, Kobsak
Pootrakool, vice minister at the Prime Minister's Office, told
"The government gives priority to investment in the
country's infrastructure," Kobsak said.
The government expects to open bids for some 15 Bangkok
railway routes next year, while construction of five other
projects, such as airport expansions and highway projects,
should start by 2017, he said.
The projects will be financed by borrowing of 576 billion
baht, with the rest from the government budget, public-private
partnerships, and an infrastructure fund.
Earlier, the junta rolled-out 20 large infrastructure
projects worth 1.4 trillion baht..
($1 = 35.58 baht)
(Reporting By Kitiphong Thaicharoen; Writing by Pairat
Temphairojana; Editing by Robert birsel)